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VOL. 126 | NO. 111 | Wednesday, June 8, 2011

Oxbow Mining Accuses Railroads of Price Fixing

JOSH FUNK | AP Business Writer

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OMAHA, Neb. (AP) – Oxbow Mining says the Union Pacific and Burlington Northern Santa Fe railroads conspired to raise prices on customers like the Colorado coal mine Oxbow runs.

Forth Worth, Texas-based BNSF also operates the Tennessee Yard intermodal facility at Lamar Avenue and Shelby Drive

Oxbow filed a federal antitrust lawsuit against the two biggest railroads in the western United States on Tuesday.

Oxbow's Chairman and CEO Bill Koch says the railroads have been systematically gouging their customers for years, and those higher shipping costs are passed on to consumers.

Oxbow says UP and BNSF worked to avoid direct competition with each other to help keep rates high.

And Oxbow complained that the fuel surcharges both railroads charge aren't based on costs and simply help the railroads raise shipping rates.

Representatives of the Omaha-based Union Pacific and BNSF did not immediately respond to messages left Tuesday.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 88 278 924
MORTGAGES 80 320 1,066
FORECLOSURE NOTICES 0 67 202
BUILDING PERMITS 120 590 2,248
BANKRUPTCIES 55 222 624
BUSINESS LICENSES 31 162 462
UTILITY CONNECTIONS 15 94 274
MARRIAGE LICENSES 12 49 130